Company insolvencies: over 8,700 chain stores have closed
Recent research shows that in 2021, over 8,700 chain stores have closed due to the major shift in online shopping – partly caused by the coronavirus pandemic.
Start Up Loans helping rural and disadvantaged entrepreneurs access finance, data reveals
The Start Up Loans scheme has supported nearly 70,000 start ups and small businesses outside of London, new figures have revealed.
Launched in 2012, the initiative delivers finance to entrepreneurs who might find it difficult to secure capital through traditional means.
Chancellor to lay out plans in October Budget and Spending Review
The Chancellor of the Exchequer, Rishi Sunak, is expected to announce that the Government will be pumping extra billions into the economy when he sets out details of the Budget and Spending Review on October 27.
The review will give details of the next three years of spending priorities while the Budget is expected to provide details of how the country balances its books after the huge outlays during the pandemic.
Stamp duty rates: what you need to know
The Stamp Duty holiday ended in June and was replaced by a new transitional rate. Launched last year, the relief was designed to stimulate the property market during the coronavirus pandemic.
The end of furlough – What next?
Following 18 months of critical support for businesses across the UK, on 30 September 2021, the Coronavirus Job Retention Scheme (CJRS), more commonly referred to as the furlough scheme, will finally come to an end.
Winding up petition debt threshold to be increased in wake of pandemic
The debt threshold for a winding up petition will be temporarily increased in wake of the coronavirus pandemic, it has been announced.
It comes as temporary measures preventing businesses from entering insolvency are phased out next month.
Business leader calls for action on skills to support the recovery
The boss of one of Britain’s most influential business organisations has called on the Government to take action to make sure the UK’s economy does not stall because of labour shortages.
The Director-General of the Confederation of British Industry (CBI) says business also has a part to play to keep the recovery going.
Tony Danker’s remarks come on the back of a raft of good news stories on the economy in terms of growth, increased job vacancies and a fall in unemployment.
How will the National Insurance and dividend tax increases affect me?
Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change may affect you, please use our helpful FAQ below:
How much is the National Insurance rate increasing?
The Health and Social Care Levy will see a 1.25 percentage point increase in NICs.
When will National Insurance rates increase?
UK house prices hit significant record
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed.
Personal tax: Thousands of parents “missing out” on Tax-Free Childcare
HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year.
The tax authority said thousands of families may be missing out on thousands of pounds in tax relief every year.
If you are a working parent, here’s what you need to know.
What is Tax-Free Childcare?
